The European Union is unlikely to agree to an idea to ban natural gas imports from the pipelines from Russia, where Moscow has already cut off the gas supply to Europe, EU diplomats have told POLITICO.
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Turkey has opted to defer until 2024 as much as $600 million in payments to Russia for natural gas deliveries, anonymous sources told Reuters on Wednesday. Last week, Turkey’s Energy Minister Fatih Donmez said that the country had reached a deal with Russian gas giant Gazprom to defer part of the payments
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Pakistan has placed an order for a single cargo of Russian oil, but is keen for a long-term deal to buy the crude in Chinese currency, according to the country’s power minister.The payment for the first shipment has been made in US dollars but Pakistan would like further purchases to be in made in yuan,
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Pakistan has opened a Letter of Credit (LC) in the Bank of China for import of first oil cargo from Russia, which is expected to arrive in the last week of May.
According to sources, the LC has been opened in the Chinese bank in an attempt to make payment for the cargo – the first-ever purchase of Russian oil by Pakistan – in Chinese yuan. Russia will send a ship carrying 100,000 tons of crude oil.
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Western big hauler back up plans are worried that they may accidentally assist with delivery Russian raw petroleum over the $60 per barrel cost cap as buys and exchanges have become obscure since the G7 presented the cost roof toward the beginning of December 2022.
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